Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain result, together with the main intention of winning either cash or merchandise. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for this; the second describes the comparative likelihood of this occurrence of the event and the significance of the one's activities; while the third component, the prize, refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of all wins to all losses.